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beks73 [17]
3 years ago
10

Hannah, Greta, and Winston own the stock in Redpoll Corporation (E & P of $900,000) as follows: Hannah, 600 shares; Greta, 4

00 shares; and Winston, 1,000 shares. Greta is Hannah’s daughter, and Winston is Hannah’s brother. Redpoll Corporation redeems 400 of Hannah’s shares (basis of $55,000) for $240,000. Hannah purchased the stock three years ago as an investment. With respect to the stock redemption, Hannah has
a. Long-term capital gain of $185,000.b. Long-term capital gain of $240,000.c. Dividend income of $185,000.d. Dividend income of $240,000.e. None of the above.
Business
1 answer:
LenaWriter [7]3 years ago
4 0

Answer:

A. Long-term capital gain of $185,000

Explanation:

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Why do multi-national hotel groups prefer local citizens to serve in top-level- management positions? The salaries to local mana
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Employee morale will improve as workers recognize they can be promoted to the highest levels of management.

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In one to three sentences, describe reliable financial information.
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Sanctions that specifically target leaders of a country and not citizens are known as:
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DiCenta Corporation reported net income of $270,000 in 2020 and had 50,000 shares of common stock outstanding throughout the yea
Stels [109]

Answer:

Explanation:

Basic and diluted Eps

Basic EPS = profit after tax-preference share dividend / w. Avg No.of shares

Basic Eps

Income            270000

Tax 20%          54000

Pat                  216000

Dividend 5*5000  -25000

                191000

W.Avg No. shares 50000

 

Basic EPS 191/50 3.82

Diluted Eps

PAT                                                                                               191000

Add back Dividend of assumed conversion of pref. shares     25000

Total Income                                                                               216000

Total No of share                                                                         60000*

Diluted Eps   216000/60000                                                        3.6

*Common Stock                                                            = 50000

Add Assumed Conversion of Pref. shares = 5000*2 = 10000

Total Shares                                                                   = 60000

8 0
3 years ago
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